There's Something in the Air....Lay Offs Everywhere

I noticed a lot of threads on here along with people I talk to are experiencing company wide lay offs where they're employed. The stock market is going crazy right now as well. Even my employer is going through some changes this year that they can't talk to us about yet.

I'm not sure if I should sit tight and ride this wave out or start prepping for the worst. Was anyone else noticing this trend this year as well or is it just me being on edge?

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tpatt100

VMware was acquired by EMC in 2004, which offered 15 percent of VMware's stock in a 2007 initial public offering. EMC is in the process of being acquired by Dell, which would give Dell a majority stake in VMware (though the company will remain independent). Despite being profitable, VMware's stock valuation has fallen since the EMC acquisition was announced in October. Part of the fall might be attributed to the decision by VMware and EMC to spin off their joint cloud virtualization venture Virtustream as a separate company—and the fact that Dell might decide to sell off EMC's 80-percent stake in VMware to cover some of the cost of the acquisition.

That sucks for VMware, all that consolidation of companies....

With the Hyper-V integration of Windows 8 and 10 Pro I haven't needed to use VMware Workstation in a while, just needed it for Mac OS X.

E Double U

UnixGuy wrote: »

We should all go back to what we're meant to be doing; being craftsmen and/or innovating inventors - rather than pushing buttons and watching green LEDs.

Which would lead to someone inventing technology with LEDs that helps craftsmen work faster.

varelg

I haven't seen IT layoffs in the region where I currently live, but some manufacturing very recently closed so there were layoffs there. Seems like whatever is gov and/or military is safe from "restructuring" (in the region and in general across the country), the rest are on the lookout for Icahn and getting ready to parachute in case he is spotted near HQ. Xerox for example...
Which is not a surprise in a militant plutocracy.

Params7

Yahoo lets go 15% of its workforce.

Yahoo lays off 15% of staff after posting a massive loss - Feb. 2, 2016

Remedymp

v1ral wrote: »

You work for EMC or Dell? I Used to work at EMC, most of my coworkers have left or are planning on leaving.

I work for the former and came from the latter.

shodown

gespenstern wrote: »

Agreed. Unions are some socialist stuff that ruined american automotive industry.

LMAO young kids or old fools these days. Its just not that simple. I live with an economist and when I show her post like this she just laughs. Globalization, trade agreements, and poor policy and the people in the automotive industry, with a list of other things ruined the industry. tT just point to 1 culprit is trying to make a complex situation look simple.

gorebrush

We're desperate for more engineers!

We're going to 4 on shift, and I think another 7-8 positions for non-shift this year.

tpatt100

Params7 wrote: »

Yahoo lets go 15% of its workforce.

Yahoo lays off 15% of staff after posting a massive loss - Feb. 2, 2016

I think Yahoo itself is the worst asset of the company's investments lol